Let Our Experienced Attorneys Help You Find The Right Visa

International Entrepreneur Parole (IEP)

The International Entrepreneur Parole program is designed for foreign entrepreneurs who seek to establish and grow their start-up companies in the United States. It allows for a period of authorized stay in the United States and is technically not a “visa.” Approval allows you to stay in the U.S. for 30 months of initial parole with an ability to apply for one additional period (re-parole) of up to 30 months.

Some of the key requirements to qualify for an initial 30-month IEP status include:

  • Your startup is a U.S. company.
  • You founded your startup in the last 5 years.
  • You hold at least a 10% ownership interest in your startup.
  • You are central to the startup and actively operate it.
  • Your startup has received at least $264,147* from qualified U.S. investors or at least $105,659* in government awards or grants.
  • If the monetary requirement cannot be fully met, you can show growth and job creation potential through other means.

*NOTE: the amounts change every three years based on the Consumer Price Index for All Urban Consumers)

• The applicant must be a foreign entrepreneur who owns at least 10% (5% for re-parole) of a U.S. start-up company that was formed within the past five years.
• The start-up company must be organized under federal law or the laws of any state in the U.S., and conduct business in the U.S.
• The start-up company must have a significant potential for growth and job creation.
• The applicant must play a central and active role in the operations of the start-up company.
• The start-up company must have received, within the 18 months immediately preceding the filing of application, at least $264,000 in funding from qualified U.S. investors or at least $105,659 in funding from qualified U.S. government entities. (NOTE: the amounts change every three years based on the Consumer Price Index for All Urban Consumers)
o Qualified investors are U.S. citizens, lawful permanent residents (LPRs), or U.S. organizations majority owned and controlled by U.S. citizens or LPRs.
• A qualified investor must demonstrate that during the preceding 5 years:
o The qualified investor made investments totaling at least $633,952 in start-up entities in exchange for equity, convertible debt, or other security convertible into equity and
o at least two such entities each either 1) created at least 5 qualified jobs or 2) generated revenue of at least $528,293 with average annualized revenue growth of at least 20%

• Investments from the entrepreneur, their immediate family members (parents, spouse, siblings, children), or entities in which they have ownership interest are not considered qualified investments.
  • Parole will only be granted for a person who works for their business only
  • Each startup business can only have three (3) entrepreneurs who are granted the IEP
  • Spouses and children may be eligible for parole
  • If granted parole, the spouse only—and not any children—will be allowed to apply for work authorization in the United States
  • 5 years max ability to stay in the U.S.
  • Is not a visa or green card

From your initial visa to the United States to Green Cards and Citizenship, 

Iqbal Legal Group has you covered.

Schedule Consultation

DON’T DELAY YOUR DREAMS

Start Here